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Force Majeure Event - ISDA Provision: Difference between revisions
Force Majeure Event - ISDA Provision (view source)
Revision as of 10:06, 23 January 2013
, 23 January 2013→Section {{isdaprov|5(b)(ii)}} in the {{1992ma}}
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There is no equivalent to the {{isdaprov|Force Majeure Event}} in the {{1992ma}}. An {{isdaprov|Impossibility}} clause was frequently written into the schedule, which endeavoured to do the same thing. Note a few caveats with regard to Force Majeure Events: | There is no equivalent to the {{isdaprov|Force Majeure Event}} in the {{1992ma}}. An {{isdaprov|Impossibility}} clause was frequently written into the schedule, which endeavoured to do the same thing. Note a few caveats with regard to Force Majeure Events: | ||
*'''{{isdaprov|Hierarchy of Events}}''': {{ISDA Hierarchy of Events}} | *'''{{isdaprov|Hierarchy of Events}}''': {{ISDA Hierarchy of Events}} | ||
*'''{{isdaprov|Deferral of Payments and Deliveries During Waiting Period}}''': | *'''{{isdaprov|Deferral of Payments and Deliveries During Waiting Period}}''': {{ISDA Deferral of Payments and Deliveries}} | ||
===Incorporating Force Majeure into the {{1992ma}}=== | ===Incorporating Force Majeure into the {{1992ma}}=== | ||